EID Parry India CEO, MD, chairman, board of directors and AGM
NSE: EIDPARRYBSE: 500125Food ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹647.40.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹11,167 Cr426th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 24.0
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹478 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 11.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 26 May 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 5.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹478 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 11.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 14.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 26 May 2026
- 0.19
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,18,55144.4% delivered
EID Parry India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonM M VenkatachalamRelated to the promoter
- Chief executiveM M Muthiah
- Company Secretary and Compliance OfficerBiswa Mohan Rath
8 directors4 independent1 executive3 non-executive
- M M Venkatachalam · ChairpersonNon-executive · joined Feb 2018 · reappointed Aug 2026 · 103 months as independent · 2 listed boards · 1 as independent · 4 committee seats, 3 as chair
- M M Muthiah · Chief executiveExecutive · joined May 2022 · reappointed May 2022 · 52 months as independent · 3 listed boards · 1 as independent · 4 committee seats, 1 as chair
- Ramesh K B MenonNon-executive · joined Nov 2017 · reappointed Aug 2022 · 106 months as independent · 1 listed board · 3 committee seats
- Ajay Bhaskar BaligaIndependent · joined May 2018 · reappointed May 2023 · 100 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 2 as chair
- Krishnakumar ThirumalaiIndependent · joined May 2021 · reappointed May 2026 · 64 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sridharan RangarajanNon-executive · joined Oct 2021 · reappointed Aug 2024 · 59 months as independent · 4 listed boards · 5 committee seats, 1 as chair
- Subramaniam DurgashankarIndependent · joined Mar 2022 · reappointed Mar 2022 · 54 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
- Meghna ApparaoIndependent · joined Jul 2022 · reappointed Jul 2022 · 51 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Rca Godbole, left 4 Aug 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Aug 20268 of 8 present4 independent · 77 days in between
- 26 May 20268 of 9 present5 independent · 33 days in between
- 22 Apr 20269 of 9 present5 independent
Audit Committee
Chair Subramaniam Durgashankar
M M Venkatachalam, Ajay Bhaskar Baliga
- 11 Aug 20263 of 3 present2 independent · 77 days in between
- 25 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Ajay Bhaskar Baliga
Ramesh K B Menon, Subramaniam Durgashankar
- 11 Aug 20263 of 3 present2 independent · 77 days in between
- 25 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair M M Venkatachalam
M M Muthiah, Ramesh K B Menon, Krishnakumar Thirumalai
- 11 Aug 20264 of 4 present1 independent · 77 days in between
- 25 May 20264 of 4 present1 independent
Risk Management Committee
Chair Subramaniam Durgashankar
M M Muthiah, M M Venkatachalam, Ajay Bhaskar Baliga
- 11 Aug 20264 of 4 present2 independent · 77 days in between
- 25 May 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair M M Venkatachalam
Krishnakumar Thirumalai, M M Muthiah
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M/S Price Water House LLPPeer-review certificate valid to Nov 2026
3 earlier auditors
- Price water house chartered accountants LLPNamed in the filing for the quarter to Mar 2026
- Price Water house Chartered Accountsnts LLPNamed in filings from Sep 2025 to Dec 2025
- M/s. Price Waterhouse Chartered Accountants LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
EID Parry India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.EID Parry India dividend history
Annual general meeting, 12 Aug 2026
1,26,198 shareholders on the register on 5 Aug 2026; present: 22 promoters and 54 others; votes counted by Mr. R. Sridharan / M/s. R. Sridharan & Associates.The company's voting result (opens in a new tab)
- Adoption of Standalone Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.65% · promoters 99.94% · institutions 88.56% · other public 17.86%
- Adoption of Consolidated Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.65% · promoters 99.94% · institutions 88.56% · other public 17.86%
- Reappointment of Mr. M M Venkatachalam (DIN: 00152619), Director liable to retire by rotationOrdinary98.68% for1.32% against
Against: promoters 0.00% · institutions 3.78% · other public 0.02%
Turnout: all 71.73% · promoters 99.94% · institutions 88.83% · other public 17.86%
- Approval for Disposal of Assets of the Material Subsidiary - Parry Sugars Refinery India Private LimitedSpecial77.70% for22.30% against
Against: promoters 0.00% · institutions 63.97% · other public 0.04%
Turnout: all 71.70% · promoters 99.94% · institutions 88.75% · other public 17.86%
- Remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 71.73% · promoters 99.94% · institutions 88.83% · other public 17.86%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 19 Apr 2026, 1 resolution
1,14,532 shareholders on the register on 13 Mar 2026; votes counted by Mr. R. Sridharan / M/s. R. Sridharan & Associates.The company's voting result (opens in a new tab)
- Re-appointment of Mr. T Krishnakumar (DIN No: 00079047) as an Independent Director of the CompanySpecial99.82% for0.18% against
Against: promoters 0.00% · institutions 0.46% · other public 1.05%
Turnout: all 66.75% · promoters 99.93% · institutions 86.38% · other public 0.88%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 6 Aug 2025, 5 resolutions
1,21,149 shareholders on the register on 30 Jul 2025; present: 33 promoters and 65 others; votes counted by R. Sridharan / R. Sridharan & Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Standalone Financial StatementsOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.09% · other public 0.33%
Turnout: all 66.60% · promoters 99.94% · institutions 90.49% · other public 0.71%
- Adoption of Audited Consolidated Financial StatementsOrdinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.09% · other public 0.33%
Turnout: all 66.60% · promoters 99.94% · institutions 90.49% · other public 0.71%
- Re-appointment of Mr. Ramesh K B Menon (DIN: 05275821), Director liable to retire by rotation.Ordinary99.49% for0.51% against
Against: promoters 0.00% · institutions 1.36% · other public 0.38%
Turnout: all 66.63% · promoters 99.94% · institutions 90.60% · other public 0.71%
- Remuneration of Cost AuditorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 66.63% · promoters 99.94% · institutions 90.60% · other public 0.71%
- Appointment of Secretarial AuditorsOrdinary99.79% for0.21% against
Against: promoters 0.00% · institutions 0.57% · other public 0.31%
Turnout: all 66.63% · promoters 99.94% · institutions 90.60% · other public 0.71%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 May 2025, 3 resolutions
1,28,457 shareholders on the register on 4 Apr 2025; votes counted by Mr. R.Sridharan / M/s. R. Sridharan & Associates.The company's voting result (opens in a new tab)
Approval of waiver of the recovery of managerial remuneration, which may be in excess of the limits prescribed under Section 197(1) of the Companies Act, 2013 read with Section II (A) of Part II of Schedule V to the Companies Act, 2013, paid to Mr. Muthiah Murugappan (DIN: 07858587), Whole Time Director & Chief Executive Officer of the Company for the financial year 2024-25.MoreLess
SpecialPromoters have an interest in it93.34% for6.66% againstAgainst: promoters 0.00% · institutions 21.51% · other public 0.05%
Turnout: all 70.78% · promoters 99.39% · institutions 84.20% · other public 23.27%
- Approval of payment of remuneration to Mr.Muthiah Murugappan (DIN: 07858587), Whole Time Director & Chief Executive Officer of the Company for the financial years 2025-26 & 2026-27.SpecialPromoters have an interest in it93.21% for6.79% against
Against: promoters 0.00% · institutions 21.94% · other public 0.04%
Turnout: all 70.78% · promoters 99.39% · institutions 84.20% · other public 23.27%
Approval of waiver of recovery of managerial remuneration, which may be in excess of the limits prescribed under section 197(1) of the Companies Act, 2013 read with Section II (A) of Part II of Schedule V to the Companies Act, 2013, paid to Mr. S. Suresh (DIN:06999319), during his tenure as Managing Director of the Company for the financial year 2024-25.MoreLess
SpecialPromoters have an interest in it95.59% for4.41% againstAgainst: promoters 0.00% · institutions 14.25% · other public 0.05%
Turnout: all 70.78% · promoters 99.39% · institutions 84.20% · other public 23.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 14 Aug 2024, 6 resolutions
Present: 30 promoters and 57 others.The company's voting result (opens in a new tab)
- Adoption of Standalone Financial Statementstttn tttOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 62.58% · promoters 98.92% · institutions 78.19% · other public 7.00%
- Adoption of Consolidated Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 62.58% · promoters 98.92% · institutions 78.19% · other public 7.00%
- Confirmation of DividendOrdinary98.74% for1.26% against
Against: promoters 0.00% · institutions 4.26% · other public 0.01%
Turnout: all 62.68% · promoters 98.92% · institutions 78.59% · other public 7.00%
- Re-appointment of Mr. Sridharan Rangarajan as a Director liable to retire by rotationOrdinary97.69% for2.31% against
Against: promoters 0.00% · institutions 7.80% · other public 0.15%
Turnout: all 62.67% · promoters 98.92% · institutions 78.56% · other public 7.00%
- Payment of Commission to Non-Whole Time DirectorsSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 62.67% · promoters 98.92% · institutions 78.56% · other public 7.00%
- Remuneration of Cost AuditorsOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 62.67% · promoters 98.92% · institutions 78.56% · other public 7.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Mar 2024, 1 resolution
The company's voting result (opens in a new tab)
- Re-appointment of Mr. S. Suresh as Managing Director of the CompanyOrdinary99.86% for0.14% against
Against: promoters 0.00% · institutions 0.50% · other public 0.14%
Turnout: all 58.92% · promoters 98.32% · institutions 86.36% · other public 2.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Aug 2023, 5 resolutions
Present: 29 promoters and 42 others.The company's voting result (opens in a new tab)
- Adoption of Standalone Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 59.64% · promoters 98.75% · institutions 85.62% · other public 8.26%
- Adoption of Consolidated Financial StatementsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 59.64% · promoters 98.75% · institutions 85.62% · other public 8.26%
- Confirmation of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 59.92% · promoters 98.75% · institutions 87.58% · other public 8.26%
- Re-appointment of Mr. M M Venkatachalam as a Director liable to retire by rotationOrdinary97.46% for2.54% against
Against: promoters 0.00% · institutions 12.09% · other public 0.02%
Turnout: all 59.92% · promoters 98.75% · institutions 87.58% · other public 8.26%
- Ratification of Cost Auditors remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.92% · promoters 98.75% · institutions 87.58% · other public 8.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 7 May 2023, 1 resolution
The company's voting result (opens in a new tab)
- Re-appointment of Mr.Ajay B Baliga as an Independent Director of the CompanySpecial98.27% for1.73% against
Against: promoters 0.00% · institutions 7.05% · other public 1.10%
Turnout: all 58.51% · promoters 98.74% · institutions 88.72% · other public 0.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 12 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)
- Adoption of Standalone Financial Statements10 for0 against
- Adoption of Consolidated Financial Statements10 for0 against
- Reappointment of Mr. M M Venkatachalam (DIN: 00152619), Director liable to retire by rotation10 for0 against
- Approval for Disposal of Assets of the Material Subsidiary - Parry Sugars Refinery India Private Limited
Against Angel One Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Navi Mutual Fund
- Angel One Mutual FundGovernance and transparency concern: The Company has not disclosed any valuation, minimum reserve price, or expected consideration for the proposed asset disposal. Further, the resolution is open-ended and permits disposal of assets, potentially even to a related party, without adequate disclosure of key commercial terms, limiting shareholders' ability to make an informed decision.
- Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Governance and transparency concern: The Company has not disclosed any valuation, minimum reserve price, or expected consideration for the proposed asset disposal. Further, the resolution is open-ended and permits disposal of assets, potentially even to a related party, without adequate disclosure of key commercial terms, limiting shareholders' ability to make an informed decision.
- HSBC Mutual FundA vote AGAINST this resolution is warranted given the lack of disclosure.
6 for4 against - Remuneration of Cost Auditors10 for0 against
Mutual fund votes, meeting of 19 Apr 2026, 24 fund houses
- Re-appointment of Mr. T Krishnakumar (DIN No: 00079047) as an Independent Director of the Company24 for0 against
6 earlier meetings
Mutual fund votes, meeting of 6 Aug 2025, 23 fund houses
- Adoption of Audited Standalone Financial Statements23 for0 against
- Adoption of Audited Consolidated Financial Statements23 for0 against
- Re-appointment of Mr. Ramesh K B Menon (DIN: 05275821), Director liable to retire by rotation.23 for0 against
- Remuneration of Cost Auditor23 for0 against
- Appointment of Secretarial Auditors
Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
- Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed. Transparency Concern: The Company has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, it cannot be ascertained whether there is any material change in the audit fee or not.
- Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditors. Transparency Concern: No rationale provided for material / significant change in remuneration.
- Groww Mutual Fund, Navi Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed fee payable to Secretarial Auditors not disclosed. Transparency Concern: The Company has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, it cannot be ascertained whether there is any material change in the audit fee or not.
- Nippon India Mutual FundProfile of the auditor
16 for7 against
Mutual fund votes, meeting of 10 May 2025, 22 fund houses
Approval of waiver of the recovery of managerial remuneration, which may be in excess of the limits prescribed under Section 197(1) of the Companies Act, 2013 read with Section II (A) of Part II of Schedule V to the Companies Act, 2013, paid to Mr. Muthiah Murugappan (DIN: 07858587), Whole Time Director & Chief Executive Officer of the Company for the financial year 2024-25.MoreLess
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund
- Angel One Mutual FundTransparency Concern: Board meetings attendance for FY 2024-25 has not been disclosed, hence, performance of directors cannot be assessed.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with Law. Transparency Concern: Board meetings attendance for FY 2024-25 has not been disclosed, hence, performance of directors cannot be assessed.
- Motilal Oswal Mutual FundBoard meetings attendance for FY 2024-25 not disclosed.
- PPFAS Mutual FundCompany has not disclosed the number of Board meetings attended by Mr. Murugappan during the year. In the absence of such disclosure, shareholders’ may not be able to take an informed decision on performance of Mr. Murugappan during FY 2024-25. Also, one of the primary indicators of performance of Directors is their attendance in Board Meetings. Any approval with regard to remuneration cannot be analysed without information on performance of the directors during the financial year. Company has not disclosed the amount that is being paid in excess of limit prescribed under Companies Act, 2013
- quant Mutual FundRelated to the Approval of waiver of the recovery of excessive managerial remuneration and of payment of remuneration to Mr Muthiah Murugappan, WTD & CEO of the company for the financial years FY26 and FY27. Compliant with the law. Transparency concern: Board meetings attendance for FY25 has not been disclosed, hence, performance of directors cannot be assessed. Governance concern: Proposed payable remuneration appears to be excessive in nature given the declining financial performance of the company. Hence, we are voting against the resolutions.
15 for7 against- Approval of payment of remuneration to Mr.Muthiah Murugappan (DIN: 07858587), Whole Time Director & Chief Executive Officer of the Company for the financial years 2025-26 & 2026-27.
Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, PPFAS Mutual Fund, quant Mutual Fund
- Angel One Mutual FundGovernance concern: Proposed payable remuneration appears to be excessive in nature given the declining financial performance of the Company.
- Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Proposed payable remuneration appears to be excessive in nature given the declining financial performance of the Company.
- Motilal Oswal Mutual FundExcessive remuneration proposed.
- PPFAS Mutual FundThe remuneration proposed is to be increased by not exceeding 25% increase per annum for FY 2025-26 and 2026-27 each. The minimum remuneration proposed, in case of loss or inadequacy, includes variable pay. However, the increase as well as variable pay should be aligned to the Company’s performance as well as individual’s target and hence, variable pay (over and above increase in remuneration) shall not be included in case of loss or inadequate profits
- quant Mutual FundRelated to the Approval of waiver of the recovery of excessive managerial remuneration and of payment of remuneration to Mr Muthiah Murugappan, WTD & CEO of the company for the financial years FY26 and FY27. Compliant with the law. Transparency concern: Board meetings attendance for FY25 has not been disclosed, hence, performance of directors cannot be assessed. Governance concern: Proposed payable remuneration appears to be excessive in nature given the declining financial performance of the company. Hence, we are voting against the resolutions.
15 for7 against Approval of waiver of recovery of managerial remuneration, which may be in excess of the limits prescribed under section 197(1) of the Companies Act, 2013 read with Section II (A) of Part II of Schedule V to the Companies Act, 2013, paid to Mr. S. Suresh (DIN:06999319), during his tenure as Managing Director of the Company for the financial year 2024-25.MoreLess
Against PPFAS Mutual Fund
- PPFAS Mutual FundCompany has not disclosed the number of Board meetings attended by Mr. S. Suresh during the year. In the absence of such disclosure, shareholders’ may not be able to take an informed decision on performance of Mr. S. Suresh during FY 2024-25. Also, one of the primary indicators of performance of Directors is their attendance in Board Meetings. Any approval with regard to remuneration cannot be analysed without information on performance of the directors during the financial year. Company has not disclosed the amount that is being paid in excess of limit prescribed under Companies Act, 2013
21 for1 against
Mutual fund votes, meeting of 14 Aug 2024, 15 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Standalone Financial Statementstttn ttt13 for0 against
- Adoption of Consolidated Financial Statements14 for0 against
- Confirmation of Dividend14 for0 against
- Re-appointment of Mr. Sridharan Rangarajan as a Director liable to retire by rotation14 for0 against
- Payment of Commission to Non-Whole Time Directors14 for0 against
- Remuneration of Cost Auditors14 for0 against
7 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Item 5, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
- Accept Standalone Financial Statements and Statutory Reports1 for0 against
Mutual fund votes, meeting of 17 Mar 2024, 15 fund houses
- Re-appointment of Mr. S. Suresh as Managing Director of the Company15 for0 against
Mutual fund votes, meeting of 9 Aug 2023, 8 fund houses
- Adoption of Standalone Financial Statements8 for0 against
- Adoption of Consolidated Financial Statements8 for0 against
- Confirmation of Dividend8 for0 against
- Re-appointment of Mr. M M Venkatachalam as a Director liable to retire by rotation
Against Motilal Oswal Mutual Fund
- Motilal Oswal Mutual FundRe-appointment compliant with Law. Governance concern: Chairman related to ED.
7 for1 against - Ratification of Cost Auditors remuneration8 for0 against
Mutual fund votes, meeting of 7 May 2023, 9 fund houses
- Re-appointment of Mr.Ajay B Baliga as an Independent Director of the Company9 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.